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Finally, China has an enormous surplus of electricity that can be harnessed for mining. In 2016, for instance, overcapacity from hydropower stations in Sichuan and Yunnan amounted to a whopping 45.6 terawatt hours. To put that into perspective, the entire US generated 4,100 terawatt hours of electricity in the same year.* By partnering with these power stations, cryptocurrency miners get access to discounted electricity rates in exchange for a cut of the mining revenue.
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Eagle 36 10/27/2012 00:51 One of the great things about living in Texas is that we have the right to choose our own electricity provider. The electricity market in our state is deregulated, which means that Texas retail electricity providers buy energy from generators at wholesale prices and then compete with each other to offer consumers more options in terms of their electricity plans. Residents of other states can only get electricity from the utility company and must pay the rates the utility requires.
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